Wanderlust Brits heading on budget winter breaks could side-step pricey transaction fees on every purchase by following asimple travel hack, say travel experts. Being bamboozled by ATM messages, pricey data roaming charges and getting slapped with debit card transaction fees are all ways that holidaymakers' hard-earned cash can haemorrhage away.
But financial experts have compiled a handy list of top tips that means they can save more and use the cash on holiday experiences - or a cheeky post-trip drink. One of the top ways to save cash is by declining an ATM's default setting to accept the foreign bank’s conversion rate as this almost always costs more continuing without the conversion.
Bartosz Sawicki, of financial firm Conotoxia, said: "When withdrawing euros in a country with a common currency, the ATM may offer to settle the transaction in the currency of the tourist's home country, using its own exchange rate. Such a rate is almost always significantly less favourable than that offered by multi-currency platforms.
